Sivers Semiconductors: Boardroom Split Widens as Lock-Up Expiry Triggers Insider Trading Frenzy
Published on 07/25/2026 at 19:41 | Redaktion boerse-global.de
The lifting of a share lock-up agreement at Sivers Semiconductors has laid bare a stark divide within the company’s leadership, with two board members offloading large chunks of stock while the chief executive added to his own position. The divergence comes as the Swedish chipmaker’s shares have shed nearly three-quarters of their value from a June peak.
Chairman Bami Bastani moved swiftly after the lock-up expired on 16 July, selling 275,000 shares and gifting a further 70,000 to family members, along with 60,000 donated to charitable organisations. His remaining holding stands at 381,360 shares, of which 11,360 are subject to a fresh one-year lock-up. Director Todd Thomson went further still, with his investment vehicle Headwaters Capital LLC disposing of 950,000 shares by 22 July and donating another 50,000 to a charity. The venture capital firm Kairos Ventures, which received its stake through the 2022 acquisition of portfolio company Mixcomm, also distributed shares to investors who wished to retain exposure while liquidating the rest.
Chief executive Vickram Vathulya took the opposite tack, purchasing 70,000 additional shares on 21 July. He now holds 4,540,076 shares directly, supplemented by 3.7 million employee stock options. The contrasting moves between the CEO and other senior figures are likely to catch the attention of market observers, even though the company has stressed that the transactions do not reflect any loss of confidence and that those involved retain substantial personal stakes.
The lock-up originated from a directed share issue in April, when the board approved the placement of 12,280,701 new shares at 57 Swedish kronor apiece through an accelerated bookbuilding process, raising approximately 700 million kronor. The offering was multiple times oversubscribed by Swedish and international institutional investors. The restriction prevented certain board members and managers from selling until 16 July — and the moment it expired, trading activity picked up sharply.
Should investors sell immediately? Or is it worth buying Sivers Semiconductors?
The stock closed on Friday at €2.83, down 6.35 percent on the day and 11.45 percent lower on the week. Over the past 30 days, the share price has fallen by roughly 60 percent, and from the 52-week high of €10.23 reached on 3 June, the decline now exceeds 72 percent. The 14-day relative strength index of 35.4 suggests the stock is approaching oversold territory, indicating that the sell-off is technically advanced. With annualised 30-day volatility above 160 percent, Sivers ranks among the most turbulent equities on the Swedish market.
Operationally, the company has continued to make progress. In June it announced a partnership with GlobalFoundries in silicon photonics for artificial intelligence infrastructure, integrating Sivers’ laser arrays into optical reference designs. A separate major customer in the automotive and industrial sector is planning to begin production with Sivers’ LiDAR technology in the fourth quarter of 2026.
Sivers has also adjusted its financial calendar, pushing back the second-quarter 2026 report to 27 August. The delay is tied to the company’s pursuit of a secondary listing on the Nasdaq in New York, with management saying the extra time will ensure its accounting meets the audit standards of the US Public Company Accounting Oversight Board. The move is seen as a necessary maturation of internal controls to satisfy US capital market requirements.
Sivers Semiconductors at a turning point? This analysis reveals what investors need to know now.
A closed trading period under the EU Market Abuse Regulation begins on 28 July and runs until the quarterly results are released before the start of trading on the Nasdaq Stockholm. That window will give the stock a chance to settle without fresh insider activity, leaving investors to focus on two key milestones: the financial numbers themselves and any further updates on the US listing process.
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Sivers Semiconductors Stock: New Analysis - 25 July
Fresh Sivers Semiconductors information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
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